You can do the right thing and still need to reverse the decision. If all the signals in the world suggest you will be able to support more initiatives in future then you should hire. If in the near future the economy changes dramatically and you can't support those hires, you need to let them go.
standardUser|4 months ago
"If all the signals in the world suggest you will be able to support more initiatives...
... then you spend millions hiring and onboarding tens of thousands of people over many months, only to fire those people within a number of years.
THIS is why management is paid the big bucks.